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EQS-News: Raiffeisen Bank International AG
/ Key word(s): Quarter Results
RBI 1-9/2023: Net interest income remains strong, CET1 ratio improve further
03.11.2023 / 07:26 CET/CEST
The issuer is solely responsible for the content of this announcement.
RBI 1-9/2023: Net interest income remains strong, CET1 ratio improve further
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Profit after tax of EUR 1,186 million in 1-9/2023 excluding Russia and Belarus, up 29% (excluding Bulgaria in 2022)
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Core revenues excluding Russia and Belarus up 20% year-over-year to EUR 4,430 million, driven by net interest income
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CET1 ratio at 16.5% (transitional, incl. profit), excluding Russia 14.4%
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Significantly lower provisioning for impairment losses year-over-year (down EUR 470 million)
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Customer loans in Russia down EUR 2.7 billion year-to-date, supported by currency devaluation
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Provisions for CHF mortgages in Poland up EUR 1,338 million
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Income Statement in EUR million
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1-9/2023
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1-9/2022
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Q3/2023
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Q2/2023
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Net interest income
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4,190
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3,591
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1,441
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1,364
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Net fee and commission income
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2,364
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2,682
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667
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732
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Net trading income and fair value result
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205
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471
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89
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30
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General administrative expenses
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(2,874)
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(2,574)
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(878)
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(1,045)
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Operating result
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4,030
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4,275
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1,369
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1,152
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Other result
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(589)
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(225)
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(138)
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(354)
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Governmental measures and compulsory contributions
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(259)
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(285)
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(22)
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(2)
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Impairment losses on financial assets
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(251)
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(721)
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8
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42
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Profit/loss before tax
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2,931
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3,044
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1,216
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838
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Profit/loss after tax from continuing operations
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2,274
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2,455
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947
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627
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Profit/loss from discontinuing operations
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0
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453
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0
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0
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Consolidated profit
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2,114
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2,801
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879
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578
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Balance Sheet in EUR million
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30/9/2023
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31/12/2022
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Loans to customers
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101,931
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103,230
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Deposits from customers
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121,233
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125,099
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Total assets
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204,175
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207,057
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Total risk-weighted assets (RWA)
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97,278
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97,680
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Bank-specific information
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30/9/2023
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31/12/2022
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NPE Ratio
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1.5%
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1.6%
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NPE Coverage Ratio
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58.9%
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59.0%
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CET1 ratio transitional (incl. profit)
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16.5%
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16.0%
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Total capital ratio transitional (incl. profit)
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20.7%
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20.2%
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Key ratios
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1-9/2023
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1-9/2022
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Q3/2023
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Q2/2023
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Net interest margin (Ø interest-bearing assets)
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2.81%
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2.49%
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2.95%
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2.74%
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Cost/Income Ratio
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41.6%
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37.6%
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39.1%
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47.6%
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Provisioning ratio (Ø loans to customers)
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0.25%
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0.71%
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–%
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(0.19%)
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Consolidated return on equity
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17.4%
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27.6%
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22.7%
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14.1%
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Earnings per share in EUR
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6.19
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8.31
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2.59
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1.68
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Outlook
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Outlook 2023
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RBI excl. RU/BY
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RBI
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Net interest income in EUR
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4.2-4.3 bn
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5.6-5.7 bn
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Net fee and commission income in EUR
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around 1.8 bn
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2.9-3.0 bn
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Loans to customers (growth)
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around 2%
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minus 1%
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General administrative expenses in EUR
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around 3.1 bn
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around 4.0 bn
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Cost/income ratio
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around 50%
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43-45%
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Impairment losses on financial assets (before use of overlays)
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around 30 bps
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around 40 bps
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Consolidated return on equity
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around 10%
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around 16%
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CET1 ratio at year-end 2023
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above 13.5%*
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around 16.5%
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*P/B Zero’ Russia deconsolidation scenario
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For further information please contact:
John P. Carlson, CFA
Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43-1-71 707-2089
www.rbinternational.com
03.11.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com
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